Tuesday, February 27, 2024 |

Child care costs far outpace wages, but dependent care tax credit stuck at 2001 rate

February 2, 2024

The U.S. House of Representatives voted overwhelmingly Wednesday evening to assist low-income families through an expansion of the child tax credit, with all members of the Maryland delegation voting for the measure, except for Rep. Andy Harris (R-1st). The bill now awaits approval in the Senate. But some organizations are also highlighting a separate tax credit for child and dependent care, which they say is not providing adequate assistance to families and providers amid rising costs.


Article Source: Maryland Matters

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.